Toyota completes wind-down at St. Petersburg plant and restructures Russian operations
Toyota has concluded the previously planned organizational and personnel reductions at its St. Petersburg facility. At the outset of the winding-down process, the plant employed 1,937 people. Following the changes, 277 employees remained with the company, and of those, 76 continue to work at the St. Petersburg site. The transition included severance compensation that aligned with tenure and role, with each affected employee receiving at least 12 average salaries or more, depending on their position and seniority. In addition, a VHI health-insurance policy was retained for one year after termination for those workers who were displaced.
The company halted the production of vehicles in Russia in March of the previous year, and also paused the export of finished cars to the country. Work on reducing staff at the St. Petersburg plant began in mid-November, as part of a broader realignment of operations in response to market and strategic considerations.
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